VF (NYSE:VFC) Downgraded to Hold at ValuEngine

ValuEngine cut shares of VF (NYSE:VFC) from a buy rating to a hold rating in a research note issued to investors on Friday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the stock. Susquehanna Bancshares boosted their target price on shares of VF from $105.00 to $119.00 and gave the company a buy rating in a research report on Friday, September 27th. Barclays initiated coverage on shares of VF in a research report on Tuesday, November 12th. They set an overweight rating and a $103.00 price objective for the company. Guggenheim reaffirmed a buy rating and set a $105.00 price objective on shares of VF in a research report on Friday, October 25th. Wedbush reaffirmed an outperform rating and set a $98.00 price objective on shares of VF in a research report on Friday, October 18th. Finally, Credit Suisse Group upped their price objective on shares of VF from $104.00 to $116.00 and gave the stock an outperform rating in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $98.07.

Shares of VF stock opened at $87.99 on Friday. The firm has a 50-day moving average of $87.31 and a 200-day moving average of $86.28. The stock has a market cap of $35.36 billion, a PE ratio of 23.28, a PEG ratio of 2.62 and a beta of 1.16. VF has a 52-week low of $67.18 and a 52-week high of $96.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.20 and a current ratio of 1.99.

VF (NYSE:VFC) last announced its earnings results on Friday, October 25th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.04). The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.42 billion. VF had a net margin of 10.07% and a return on equity of 32.04%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Equities research analysts predict that VF will post 3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be given a dividend of $0.48 per share. This is a boost from VF’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, December 9th. This represents a $1.92 annualized dividend and a yield of 2.18%. VF’s dividend payout ratio is currently 45.50%.

In other news, VP Guerrini Martino Scabbia sold 17,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $90.21, for a total value of $1,533,570.00. Following the completion of the transaction, the vice president now owns 140,616 shares of the company’s stock, valued at $12,684,969.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin Bailey sold 21,314 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the completion of the transaction, the vice president now directly owns 71,241 shares of the company’s stock, valued at approximately $5,922,976.74. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Several hedge funds have recently bought and sold shares of VFC. Krane Funds Advisors LLC bought a new position in shares of VF in the second quarter worth about $25,000. TRUE Private Wealth Advisors bought a new position in shares of VF in the second quarter worth about $26,000. Doyle Wealth Management bought a new position in shares of VF in the second quarter worth about $32,000. Independence Bank of Kentucky bought a new position in shares of VF in the third quarter worth about $34,000. Finally, Shine Investment Advisory Services Inc. bought a new position in shares of VF in the second quarter worth about $35,000. 83.31% of the stock is owned by hedge funds and other institutional investors.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Analyst Recommendations for VF (NYSE:VFC)

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